Risk Management & Monitoring
Parts XV and XVI establish how sustainability risk is identified, owned and tracked at NOVARIC®. The premise is that unmonitored commitments decay: every material risk sits in a live register with a named owner, and every commitment is watched by a defined indicator.
The risk register
Sustainability risks — modern-slavery exposure, regulatory change including the EU AI Act and CSRD, climate risk, data protection, partner conduct — are logged in a corporate register with likelihood, impact, owner and treatment. The register is reviewed quarterly and after any material incident.
Modern-slavery vigilance
Risk assessment for forced-labour indicators operates across operations and the supply chain as a standing control, aligned with SDG target 8.7, with defined escalation and reporting protocols on detection.
KPI monitoring
The 90-indicator register is the monitoring instrument of the Manual. Each indicator has a defined unit, frequency, data owner and review point; performance exceptions trigger documented corrective action.
Escalation
Defined thresholds escalate exceptions from operational owners to executive ownership and, where material, to the Board. Escalation events and their resolution are recorded.
Frequently asked questions
How does NOVARIC® monitor its SDG commitments?
Through a 90-indicator KPI register in which every indicator has a defined unit, frequency, data owner and review point, backed by a quarterly-reviewed sustainability risk register with defined escalation thresholds.